26 states and UTs have adopted the RBI's Benchmark Issuance Strategy (BIS), making up 77% of the total planned borrowing in Q3. The BIS was introduced on a pilot basis in Q1 FY27 and requires participating states to issue securities within specified maturity buckets, instead of random tenors.
26 states and UTs have adopted the RBI's Benchmark Issuance Strategy (BIS), making up 77% of the total planned borrowing in Q3. The BIS was introduced on a pilot basis in Q1 FY27 and requires participating states to issue securities within specified maturity buckets, instead of random tenors.
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26 states and UTs have adopted the RBI's Benchmark Issuance Strategy (BIS), making up 77% of the total planned borrowing in Q3. The BIS was introduced on a pilot basis in Q1 FY27 and requires participating states to issue securities within specified maturity buckets, instead of random tenors.
